InnerScope Hearing Technologies, Inc. (OTCQB: INND) is engaged as a technology company that develops patient management software systems within audiological practice. Shares of the audiology company jumps 23.81%, after climbing 23.81% through early trading on Monday, November 20, 2017. Over the past month, InnerScope Hearing Technologies, Inc. has seen average daily volume of 3,167 shares. However, volume of 354,762 shares or dollar volume of $74,500, has already exchanged hands on the day.
Shares of InnerScope Hearing Technologies, Inc. are climbing after the company announced an exclusive referral relationship with Samplified International BV, for the North American audiology retail market. Samplified International is the developer of Clementine and Clementine Wear software program, which is available of Android and iOS. Here is the full press release detailing of the exclusive referral rights:
InnerScope Hearing Technologies, Inc. Press Release:
ROSEVILLE, California, November 17, 2017 /PRNewswire/ –InnerScope Hearing Technologies, Inc. (OTCQB: INND) has announced an exclusive referral relationship for the North America audiology retail market with Samplified International BV a top-level Amsterdam-based company of the Samplified group of companies (“Samplified”). With subsidiaries in Boulder, Colorado (Samplified Audio LLC), Lanaken, Belgium (Samplified Europe NV) and Mississauga, Canada (Samplified Audio Solutions Inc.). The Agreement allows INND to be a preferred partner and vendor with Samplified for all consumer audio products that use the Clementine Wear program and platform. This preferred partner and vendor arrangement also gives INND direct access to Samplified’s China office for engineering and sourcing support in assisting and facilitating the design and manufacturing of consumer audio and headset products that use the Clementine Wear program and platform.
Samplified is the developer of the Clementine and Clementine Wear software program and platform. Clementine is a hearing app platform that is designed to help companies in the audiology field, such as audiology retail and manufacturers, to bring their services in line with technology trends and new patients demands. The system can support any service model that a firm develops via any channel. Clementine Wear platform is a cloud-based service platform supported via Android or iOS-based apps that provide full Bluetooth Low Energy functionality, including audio streaming, over-the-air firmware upgrades and updates, remote screening, programming and fitting. The Clementine Wear platform is designed to be compatible with wireless consumer audio products, hearing protection for occupational health and sports/leisure activities and even conventional hearing aids. Designed to support the sales and service of any type of personalized audio product.
Matt Moore, INND CEO states, “This exclusive arrangement is two-fold for INND. First, it gives us a distinct advantage over other business that supports and supplies the North America audiology market. We believe what Samplified has developed with Clementine and Clementine Wear, a ‘game changer’ in the hearing and audiology industry. Using this cloud-based platform, it allows INND to solidify and grow its presence in the North America audiology market whereby, seamlessly integrating all of our products and services as well as having instant communication directly with audiology practices. Second, being a preferred partner and vendor with Samplified gives us also the ability to design and manufacture our own line of consumer audio products while leveraging off their supply and manufacturing chain. This could not of come at a better time, the demand and the market for consumer-based audio products, known as, Hearables or Personal Sound Amplifiers Products (“PSAP’s”) and Over-The-Counter (“OTC”) Hearing Aids for individuals with mild-to-moderate hearing losses is expected to grow with the passage of the OTC Hearing Aid Act, signed by President Trump on August 18, 2017. The North America audiology market is wide open and primed for the latest new innovation, in high-quality consumer audio products including PSAPs, OTC Hearing Aids, as well as other hearing assistance technology via Android or iOS-based apps, like the Clementine Wear platform. These new innovations will change how hearing health care is delivered to the hearing impaired.”
About InnerScope Hearing Technologies, Inc. (INND)
InnerScope Hearing Technologies, Inc. (INND) is a technology-driven company with highly scalable B2B and B2C solutions. The Company offers a B2B SaaS based Patient Management System (PMS) software program, designed to improve operations and communication with patients. INND also offers a Buying Group experience for audiology practice, enabling owners to lower product costs and increase their margins. INND will also compete in the DTC (Direct-to-Consumer) markets with its own line of “Hearables”, and “Wearables” and revolutionary APPs on the iOS and Android markets.
INND has plans on opening, operating and expanding a chain of audiological and retail hearing device clinics. INND’s seasoned team of professionals, with collectively over 200+ years of experience in the hearing aid industry, including successful operations in hearing aid manufacturing and retail store management. Our team has the knowledge, relationships, and the experience to quickly deploy new products and software to serve the over 360 million people around the globe that are hearing impaired. For more information, please visit http://www.innd.com.
About Samplified International BV
Samplified has brought together a wealth of experience in audiology, wireless audio engineering, embedded software development, hearing product design, manufacturing and distribution along with emerging technologies. Samplified has their main European office in Lanaken (Belgium). Additionally, Samplified has offices in The Netherlands (Amsterdam), Canada (Toronto) and the United States. This international team of entrepreneurs, developers and researchers has build two platforms for personalized audio: Clementine and Clementine Wear. For more information, please visit http://www.askclementine.com.